Australia is snubbing the first major post-Paris summit on the global energy transition. Meanwhile, Australia’s renewable energy target remains at a standstill even as global investment in renewables reaches record levels. At least households and businesses are investing in rooftop solar.
Paris deal provides the certainty of a long-term goal with the flexibility of carbon markets – a significant step towards a global level playing field.
The Paris agreement creates a mechanism to ratchet up ambition, and there is reason for optimism that the world can progressively do better.
As coal stocks slump, fossil lobbies of the world unite to mock and deny the deal that leaves their industry on shakier ground than ever.
The Paris climate deal is likely to cost the fossil fuel industry some $44 trillion in lost revenues as investors are forced to rethink new ventures. The renewable energy industry, on the other hand, is likely to get a major boost.
Adelaide’s plan to become the world’s first carbon neutral city driven by economics, and liability; already seeing big reaction on storage.
While the Paris climate agreement doesn’t explicitly mention coal, there are four reasons to believe it will have a profound impact on the industry.
A hidden gem in the Paris Agreement suggests that the world’s energy sector will need to achieve net zero emissions by 2050 at the latest, and total emissions will have to peak within the next five years.
Call for a global carbon price a central theme on the sidelines of COP21. So what does the Paris agreement say on carbon markets?
Stored electricity, increasingly derived from renewable sources, will entirely replace fossil fuels as the preferred method to power everything in our lives.
Renewables can help countries expand manufacturing and create jobs, reduce local pollution, increase energy security and reduce import costs from fossil fuels.